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De Chiara, Alessandro; Schwarz, Marco - 2021

Firms often try to influence individuals that, like regulators, are tasked with advising or deciding on behalf of a third party. In a dynamic regulatory setting, we show that a firm may prefer to capture regulators through the promise of a lucrative future job opportunity (i.e., the...

Persistent link: https://www.econbiz.de/10012491609

Market contestability and bribe solicitations : evidence across stages of firms' operations

Goel, Rajeev K.; Mazhar, Ummad; Saunoris, James W. - 2018

Adding to the literature on factors driving corruption and bribery, this paper examines the effect of contestability in business operations on bribe solicitations. Contestability undermines bureaucratic rent-seeking potential and this paper tries to capture this empirically using cross-country...

Persistent link: https://www.econbiz.de/10011822610

Weeding out the dealers? : the economics of cannabis legalization

Auriol, Emmanuelle; Mesnard, Alice; Perrault, Tiffanie - 2020

We model consumer choices for cannabis in a risky environment and determine the supply of cannabis under prohibition and legalization. While introducing a legal market reduces the profits of illegal providers, it increases cannabis consumption. We show that this trade-off can be overcome by...

Persistent link: https://www.econbiz.de/10012304299

EU accession : a boon or bane for corruption?

Alfano, Vincenzo; Capasso, Salvatore; Goel, Rajeev K. - 2020

The formation and expansion of the European Union (EU) have attracted much attention. However, the impact on the level of corruption in a nation after joining the Union has not been formally studied. Any nation that joins the European Union potentially faces two different and opposite effects on...

Persistent link: https://www.econbiz.de/10012199848

Private enforcement, corruption, and antitrust design

Grajzl, Peter; Baniak, Andrzej - 2015

antitrust effectiveness and the need for comparative institutional analyses of antitrust that extend beyond matters of … precluding private antitrust enforcement as one salient choice in antitrust design depends on whether antitrust enforcement is … antitrust lawsuits or incentivizes firms to engage in frivolous litigation. Corruption expectedly reduces the effectiveness of …

Persistent link: https://www.econbiz.de/10011384564

Salience and online sales : the role of brand image concerns

Dertwinkel-Kalt, Markus; Köster, Mats - 2017

We provide a novel intuition for the observation that many brand manufacturers have restricted their retailers' ability to resell brand products online. Our approach builds on models of salience according to which price disparities across distribution channels guide a consumer’s attention...

Persistent link: https://www.econbiz.de/10011771695

How antitrust enforcement can spur innovation : bell labs and the 1956 consent decree

Watzinger, Martin; Fackler, Thomas; Nagler, Markus; … - 2017

antitrust lawsuit that charged Bell with having foreclosed the market for telecommunications equipment. The decree forced Bell …

Persistent link: https://www.econbiz.de/10011610914

Policy innovations, political preferences, and cartel prosecutions

Ghosal, Vivek; Sokol, D. Daniel - 2015

preferences that guide such antitrust prosecutions remain understudied. We empirically examine the intertemporal shifts in U ….S. antitrust cartel prosecutions during the period 1969-2013. This period has seen substantive policy innovations with increasing …

Persistent link: https://www.econbiz.de/10011346282

The sociology of cartels

Haucap, Justus; Heldman, Christina - 2022

Traditional economic theory of collusion assumed that cartels are inherently unstable, and yet some manage to operate for years or even decades. While the literature has presented several determinants of cartel stability, the vast majority focuses on firms as entities, even though cartels are...

Persistent link: https://www.econbiz.de/10013362394

Evidence production in merger control : the role of remedies

Dertwinkel-Kalt, Markus; Wey, Christian - 2021

. The antitrust agency’s incentives to produce evidence on the efficiency of a merger proposal depend critically on its …

Persistent link: https://www.econbiz.de/10012438354